
gAsp (GASP) is the native token of the gAsp blockchain, which serves as the foundational layer for the Aspire platform. gAsp is a Proof-of-Work (PoW) blockchain that uses the scrypt mining algorithm and incorporates technologies such as Advanced Checkpoint Protocol (ACP), SegWit and RPC support. The blockchain source code integrates elements from Bitcoin, Litecoin, UnbreakableCoin, Peercoin, eBoost and eVoxels.
GASP is used to process all transactions on the Aspire platform, which enables users to create custom digital assets. Aspire operates on top of the gAsp blockchain using a method called embedded consensus, where asset-related data is stored within standard gAsp transactions.
GASP is used to pay transaction fees on the gAsp blockchain, including any actions performed on the Aspire platform. Since Aspire transactions are embedded within gAsp transactions, all actions such as sending or creating assets require a small amount of GASP as a fee to compensate miners. The current fee rate is 1 satoshi per byte, enabling low-cost transactions.
In addition to GASP, the Aspire platform also utilizes a native asset called ASP. ASP is required to create new custom assets on Aspire. For example, issuing a token with a unique name currently costs 10 ASP. While GASP supports the blockchain’s operational layer, ASP is essential for enabling specific protocol-aware functions like asset creation. Aspire is aware of both GASP and ASP, allowing it to manage and interact with all assets created on its platform.